European Stock Markets Face Significant Losses

On Monday, European stock markets extended their losses, with the DAX plunging by 2.04%, as investors reacted to the latest developments in international trade tensions and awaited Germany's inflation rate update.

Impact of US Tariff Announcements

The markets are closely monitoring the reciprocal tariffs announced by US President Donald Trump, which are expected to affect all countries, and the impending 25% duty on foreign-made vehicles set to start on April 2. These measures have contributed to the uncertainty and volatility in the markets.

Key Indices Performance

By midday, the CAC 40 had slid by 1.90%, the Euro Stoxx 50 decreased by 1.93%, and the FTSE 100 dropped by 1.33%. Meanwhile, the euro and the pound sterling remained stable against the US dollar, trading at $1.08262 and $1.29414, respectively.